In July 2023, the acquisition of 100% of the shares in Ibermodul by the business group that owns Muebles Montiel was completed. Baker Tilly Advisory Services advised the Ibermodul team on this transaction.
With the purchase of Ibermodul, Muebles Montiel takes an important step to reinforce its position as one of the leading suppliers of office furniture in Spain.
Ibermodul, based in Barcelona, manufactures partition screens for offices and community spaces. The company has more than 40 years of experience in the sector and offers a wide range of products, from single or double glass partitions to aluminium, glass or blind partitions.
In addition to manufacturing, Ibermodul also offers installation and maintenance services for its products. The company has a team of qualified professionals who ensure that the screens are installed correctly and that they remain in good condition throughout their useful life.
Muebles Montiel, founded in 1987 by José Montiel and based in Madrid, is a Spanish company specialising in the sale of new and reconditioned office furniture.
In the beginning, Muebles Montiel was dedicated to the sale of new office furniture. However, over time, the company started to offer reconditioned office furniture as well. Refurbished furniture is office furniture that has been restored and refurbished to look like new.
Muebles Montiel has a wide range of products for the office environment and also offers design and advice services to help customers find the furniture that best suits their needs. It has physical shops throughout Spain and an online shop that allows customers to buy office furniture from anywhere in the world.
Baker Tilly has advised Ibermodul in the negotiations with the management team of Muebles Montiel. Alex Wendt, a partner specialising in the sector, led the team. Baker Tilly Advisory Services has a team specialising in Mergers and Acquisitions and has consistently ranked in the Top 10 in the global M&A market.
Baker Tilly International's corporate finance services include advising on cross-border transactions for clients doing business in multiple locations. Baker Tilly's network spans more than 145 territories, with over 41,000 people working in more than 700 offices.
Baker Tilly International is an international network of professional business services specialising in advisory, consulting, audit, tax, legal, accounting, labour and management services for SMEs and multinational companies.
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